Self-Healing Materials Market: 2017–2024 Research Report by Gminsights

Self Healing Materials Market is thus likely to see an exponential growth in the market size, both in terms of revenue and volume. The global construction industry is witnessing growing application of self-healing concretes, composites and polymers which can repair cracks, punctures or other damages done to the surface when exposed to air, heat or water. Self-healing asphalt for the roads and highways construction are known to increase its lifespan.

Global Self-Healing Materials Market size is witnessing an increasing demand in construction, automobiles and electronics industries. The market is likely to grow with a moderate CAGR in the period of 2017–2024

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In case of the aircraft, small damages in the assembly that are unseen by the human eye can cause destruction to the plane. The aviation industry has a vast demand for self-healing polymers-which would also reduce the maintenance schedule.

Self-healing electronic components are also in a R&D stage. Penn State University researchers have developed materials that can restore all its properties even after breaking them in half and can be used as dielectrics in wearable.

Self-healing materials can repair the microscopic cracks and damages on the ship surface or space shuttle surface. Hence, to minimize risks associated with travelling via ships, aircrafts etc., these industries have led to a considerable growth in the self-healing materials market in the past few years.

Self-healing materials market is categorized into self-healing coatings, polymers & elastomers, biomaterials, metals, fiber-reinforced composites, asphalt etc., on the basis of product types.

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Owing to increasing self-healing materials research and development activities, North America is likely to be the significant self-healing materials market in the forecast period. The regional construction, electronics, and automotive industries are expected to drive the market.

Significant players in the self-healing materials market include Apple, Bayer, Acciona, Critical Materials, Alstom, CEINNMAT, Volkswagen, Autonomic Materials, Flame Spray Technology Duco, PPG, Devan, BASF, Evonik, Ford, SLIPS technologies, Encore, ATFI, Fescon, LG, General Motors, GKN Aerospace, NEI, Avecom, Nissan, and Sensor Coatings Systems.

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